Solar Panel Cost Guide in Hewitt, TX (2023 Update)
- Hewitt Solar Installation Cost: $14,287
- 25-Year Savings: $17,085
- Payback Period: 11.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Hewitt
Let's take a look at the average cost of solar in Hewitt.
While the national average of solar panels is $2.66 per watt, solar panels in Hewitt typically cost around 2.69. The average Hewitt homeowner needs a 7.6-kilowatt system, which would cost about $14,292 with the federal tax credit, or $20,438 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of going solar can vary depending on a few factors, such as how many panels you need, your energy usage and what installation company you go with. Despite the large upfront cost, the average Hewitt homeowner can save about $16,000 on their power bills over 20 years, which is one of the perks of solar.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Hewitt
| Year | Return on Investment |
|---|---|
| 1 years | $-13,106 |
| 3 years | $-10,743 |
| 5 years | $-8,381 |
| 7 years | $-6,019 |
| 9 years | $-3,657 |
| 11 years | $-1,294 |
| 13 years | $1,068 |
| 15 years | $3,430 |
| 17 years | $5,792 |
| 19 years | $8,155 |
| 21 years | $10,517 |
| 23 years | $12,879 |
| 25 years | $15,241 |
Top Solar Installers in Hewitt
When going solar, many homeowners opt to hire a solar installer since handling can be a challenging project. The expertise that solar installers offer can be valuable as well, particularly if you aren't sure what kind of solar equipment would be right for your home.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Hewitt
Factors that Affect Solar Panel Costs in Hewitt
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that affect your total cost in Hewitt: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,690. The type of solar panels and equipment you choose is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are an affordable choice because they lower your upfront costs and allow you to pay for your system over five to seven years on average. Although solar loans make switching to solar energy more accessible for Hewitt homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Hewitt is the company you choose to install your PV system. As with choosing a company to renovate your kitchen, for instance, you'll have no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Hewitt know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.80 | $11,750 | $13,059 | 11.8 years |
| 8 kW | $2.74 | $15,365 | $17,713 | 11.6 years |
| 10 kW | $2.69 | $18,830 | $22,518 | 11.4 years |
| 12 kW | $2.64 | $22,144 | $27,473 | 11.2 years |
| 14 kW | $2.58 | $25,308 | $32,579 | 10.9 years |
| 16 kW | $2.53 | $28,320 | $37,836 | 10.7 years |
| 18 kW | $2.47 | $31,182 | $43,243 | 10.5 years |
| 20 kW | $2.42 | $33,894 | $48,801 | 10.2 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Hewitt, TX Solar Cost FAQs
What is the average cost of installing solar panels in Hewitt?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Hewitt?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
How will solar panels impact how much my home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Hewitt is currently $195,179, so you can expect a value of about $8,002 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Hewitt is a rewarding investment.
How long do solar panels last in Hewitt?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.